Word: coupe
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...First National Bank of Hope, Kans., a town where the noon whistle blows daily for its 400 residents, has survived all kinds of competition. The rural bank has remained independently owned for its entire 83 years, even through the Great Depression, says Dan Coup, its president and CEO. But Coup is worried that his bank may not survive what he sees on the horizon: Wal-Mart. "They could run us out of business in a heartbeat...
...Coup is one of the community bankers who have turned a routine regulatory application into a referendum on the world's biggest retailer. Wal-Mart submitted a filing last July asking the Federal Deposit Insurance Corporation (FDIC), the agency that guarantees bank deposits, to create a new entity called Wal-Mart Bank. It won't be a regular bank at all; the company says it will do nothing but process credit- and debit-card payments internally. But the application generated so many comment letters--3,600 and counting--that for the first time in its history, the FDIC decided...
...session last week near Washington attracted a parade of Wal-Mart's regular adversaries--unions, corporate activists, small-business owners--along with bankers, individuals and experts on both sides. But most comments came from rural America, so the agency will hold another session next week in Overland Park, Kans. Coup will testify there, along with other bankers who believe that their businesses will soon be the next to feel the weight of Wal-Mart...
...Faculty’s first chance to display its academic leadership following its successful coup, Dean of FAS William C. Kirby barely mustered a quorum on Tuesday for the first round of votes on the Harvard College Curricular Review (HCCR). This abysmal attendance not only questions the Faculty’s commitment to the future of the College’s curriculum but also its idealistic complaints about Summers’ inability to effectively run an academic institution—at least he showed...
Thirty years ago, the world was different. In 1976, a coup d’état introduced military dictatorship in Argentina for the sixth time in 43 years. After the death of charismatic President Perón two years before, the constitutional government had been walking on eggshells; despite not being president, the anti-communist extremist Jose López Rega controlled the administration. In city streets, he led a dirty war with socialist organizations. While his factions killed one person every 19 hours in 1975, cadres from the opposing side resorted to bombs and kidnappings. Society and foreign...